During the term, the Claim Administrator shall: a. Identify and measure all exposure to losses arising out of any kind of exposure or loss for which is authorized by law to be written by the State of New York (hereinafter “Authorized Exposure Areas”); b. Design and implement for the Client a comprehensive program of protection against losses arising from the Authorized Exposure Areas; c. Provide the following miscellaneous services: 1. Cost/benefit analysis; 2. Risk finance alternatives; 3. Analysis of insurance policies; 4. Placement of insurance, including negotiation of the terms, conditions, and price of coverage and, wherever possible reduce the normal premiums paid to carriers; 5. Administer, adjust or settle liability and Workers’ Compensation losses. 6. Provide claims and loss analysis reports on a quarterly basis; 7. Provide monthly fund and voucher request reports; 8. Provide a complete accounting, including allocation of risk and insurance charges among the Client’s possible individual entities; 9. Administer, adjust or settle liability and Workers’ Compensation losses and/or claims relating to incidents. 10. Deliver to the Client checks and check registers detailing loss and expense payments for signature and distribution from a zero balance checking account as outlines in paragraph 2(a).